#BTC has only a 32% chance of breaking $100,000 by the end of the month.#
Hot Topic Overview
Overview
According to a post on social media platform X by Lin Chen, Head of Business Development, Asia Pacific at Deribit, the options market shows a 32% probability of Bitcoin breaking $100,000 by the end of the month. This implies that the market is cautious about a significant near-term rally in Bitcoin, suggesting that the likelihood of it breaking $100,000 is not high.
Ace Hot Topic Analysis
Analysis
According to Lin Chen, Head of APAC Business at Deribit, in a post on X, the options market shows only a 32% probability of Bitcoin breaking $100,000 by the end of the month. This means that while the market is currently optimistic about BTC's price movement, the options market is not bullish on a short-term breakthrough of $100,000. This could be due to recent market volatility and investor concerns about the macroeconomic environment. The options market is a key indicator of market sentiment, and its data reflects a cautious attitude towards a significant short-term rise in BTC.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market shows only 32% probability of BTC breaking through $100,000 by the end of the month
Deribit executive Lin Chen believes that option market data shows a low probability of BTC breaking through $100,000 by the end of the month